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Residual Value

In accounting, an estimate of the value of an asset at the end of its depreciation. For example, a firm's computer depreciates each year. When it breaks down or becomes obsolete, it has a residual value; it is calculated by the best guess of the net cash inflow when it is sold at the end of its life. It will never be above the blue book value.

In price regulated industries, the residual value may be a negative value because it includes the net cash outflow in removing the asset from where it was used. For example, nuclear energy plants must store the nuclear waste at the end of their useful life. This cost is a contributing factor in the residual value. It is also called the salvage value or scrap value. See also: Absolute Physical Life, Obsolescence.

scrap

seriously defective or damaged components or products that are rejected by a firm's QUALITY CONTROL system as incapable of being rectified and which have to be disposed of for the salvage value of their materials.
References in periodicals archive ?
Other key drivers to the continued growth of the pig iron sector include the maturing of China's scrap iron market and a general decline in the quality of scrap iron elsewhere in the world.
Bayville, NJ, November 04, 2011 --(PR.com)-- Universal Recycling & Scrap Iron Corp.
The pirates attacked the ship on Monday, 620 miles off Somalia, as the crew were hauling scrap iron to Vietnam on a journey that had begun on September 20 in Liverpool.
The pirates attacked the ship on Monday, 620 miles off Somalia, as the crew was hauling scrap iron to Vietnam on a journey that had begun on September 20 in Liver pool.
The Montecristo's owner, D'Alessio Group, said that the attack occurred 620 miles off Somalia as the crew was hauling scrap iron to Vietnam on a journey that began on September 20 in Liverpool.
Created by Indonesian artisans, the collection features a variety of reclaimed materials and boat wood fused with scrap iron and recycled denim.
The spokesman said security forces confiscated more than 60 tons of scrap iron, wood, old furniture and other goods that were then transported to incinerators.
Sources told the AA that, after several iron factories went into maintenance, exports of iron to Iraq increased, the construction sector became attractive and the prices of scrap iron went up, the overall price of iron in Turkey continued to rise recently.
Georgievski added that each piece of scrap iron is controlled at the fabric's entrance and exit, but there are also such items that contain explosive charge.
As far as I am concerned, the Angel of the North is the most over-rated piece of scrap iron in the North East today.
Hussein Mansour, official in charge of sales at Al Mutawally Steel Products Com- pany, said that prices of scrap iron prod- ucts (12, 14, 16 mm sizes) rose to SR 2200 from SR 1800.
Instead we have some moron who is so immensely rich that he thinks nothing of wasting thousands on a piece of scrap iron.